Limitation of Number of Tax Audits by CAs in a Year: Impact Analysis of Latest Supreme Court Decision upholding ICAI Rule

The Supreme Court recently upheld the Tax Audit Assignment Limit on CAs. Know the Impact and Implications.
Supreme Court - ICAI Rule - Chartered Accountant - Tax Audits - ICAI news - ICAI - CA audit limit - taxscan

On May 17, 2024, the Supreme Court upheld a regulation by the Institute of Chartered Accountants of India ( ICAI ), capping the number of tax audits a Chartered Accountant ( CA ) can undertake to 60 per financial year. The ruling by Justices BV Nagarathna and Augustine George Masih, sides with the Institute’s attempts…

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